01747cas a2200241 a 4500 AALejournalIMF005001 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451831412 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Philippines : 2007 Article IV Consultation; Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Authorities of the Executive Director for the Philippines. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (66 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Economic stability of the Philippines was discussed in this report. Private investment remained low by regional standards, but there are tentative signs of a revival. These developments and favorable global conditions led to a surge in foreign exchange inflows and the external value of the peso. Inflation remained low because of an appreciating peso and prudent monetary policy. The authorities are encouraged to strengthen the tax effort. Legislation is being considered to restore the tax base by rationalizing fiscal incentives and adjusting excise taxes. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/119 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/119/002.2008.issue-119-en.xml IMF e-Library